Investor Presentaiton
(1) Resource Gap for the year 2014-15
Commitments of Government of India:
Para 6 of the Prime Minister's statement in Parliament on
20 February 2014
"Sixth, the resource gap that may arise in the successor state of
Andhra Pradesh in the very first year, especially during the period
between the appointed day and the acceptance of the 14th Finance
Commission recommendations by the Government of India, will be
compensated in the Regular Union Budget for 2014-15."
Section 46 (2) of the AP Reorganisation Act, 2014
"(2) Notwithstanding anything in sub-section (1), the Central
Government may, having regard to the resources available to the
successor State of Andhra Pradesh, make appropriate grants and
also ensure that adequate benefits and incentives in the form of
special development package are given to the backward areas of
that State."
What is the amount Andhra Pradesh is entitled
to as per the commitments ?
As estimated by CAG, the total revenue
deficit comes to Rs. 16,078.76 Crore
GOI has funded only Rs. 3,979.50 Crore and
the total commitment is Rs. 4,117.89 Crore
GOI disallowed many expenditures on the
ground that they are not standardized, or are
not ongoing schemes; they are new schemes
About Rs. 6,870 Crore bills pertaining to FY
2014-15 were deferred for want of resourcesView entire presentation